Ha Nam facilitates business operations
Local authorities from the northern province of Ha Nam will create all possible conditions to help business players stabilise and develop their performance.
Chairman of the provincial People’s Committee Mai Tien Dung made the promise at a meeting with entrepreneurs on June 16 to discuss ways of removing business difficulties.
Dung was told that the major obstacles include poor information technology infrastructure – which slows down cargo shipments - unclear payment procedures, an imperfect traffic system and poor waste treatment facilities in some industrial parks.
Additionally, it is difficult for businesses, especially small and medium ones, to get access to bank loans, which minimise opportunities to expand their market.
Dung said the business community has a major role to play in the local social-economic development, helping increase the provincial competitiveness index (PCI).
According to the provincial Department of Planning and Investment, as of May this year, Ha Nam had 3,172 businesses registering for operation. They contributed over VND700 billion (US$43.7 million) for the State budget, up 25% year-on-year.
Local exporters also raked in nearly US$300 million from January-May, posting a yearly rise of 44%.
Last year, Ha Nam lured 20 foreign direct investment (FDI) projects with registered investment totalling US$118 million.
The province now has 79 FDI projects worth more than US$700 million. It targets US$1 billion in FDI by 2015.